Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management's shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions.
An analysis of global funds over more than a decade has found that there is no performance penalty for socially conscious products and even a slight positive skew over the period – despite a reputation to the contrary. The Morningstar analysis for the period since 2002 ranks funds according to its star ratings, which are […]
The Government has finally bowed to industry pressure and the weight of logic by confirming it plans to ban pensions cold-calling. While full details have yet to be published, the Treasury has also indicated providers will be given greater powers to block transfers to suspicious schemes. In addition, policymakers plan to crack down on the […]
The Personal Finance Society has said it wants the Government’s pension cold-calling consultation to be extended to general investments and other forms of communication. A consultation on implementing a pension cold-call ban was launched this month after being trailed in November’s Autumn Statement, which confirmed telephone calls to unsolicited clients would be illegal. The PFS […]
Vanguard founder and former chief executive Jack Bogle has criticised the high-trading mentality behind ETFs and claimed non-listed index counterparts are a better alternative. In an opinion piece for the Financial Times, Bogle, the founding father of index investing, says Vanguard investors in non-listed index funds have seen higher returns than its ETF investors who hold the same underlying […]
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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The current project is focusing on people for whom it is already too late to make a big difference A car showroom salesperson would never show you the basic model first, even if it was completely suitable for your purposes. We all end up paying for functionality we will never use. Which takes me to […]
The police and The Pensions Regulator have launched an investigation into a number of pension schemes suspected of being linked to cold-calling. The regulator is concerned pension holders have been phoned and persuaded to transfer their funds into poorly-run schemes with the promise of higher returns and cash incentives upfront. As part of the same […]
Intrinsic founder and former chief executive Richard Freeman will retire from the business in June 2018. Freeman signaled in 2015 that he would leave the advice network at some point in early 2017. Intrinsic former managing director Andy Thompson replaced him as chief executive in December 2015, with Freeman remaining at the firm as an executive […]